Liechtenstein Companies Are Confident about the Economy in 2018

Written by: Bridgewest

Posted: 2018-05-31

Liechtenstein’s economyis on a good path, according to the latest report issued by the National Statistics Office. The results are based on the good performance registered by the trading sector and the high employment rates registered in 2017. Liechtenstein companies are also confident about their profits in 2018. Our company formation agents in Liechtenstein can help foreign investors who want to set up businesses here.

Exports, one of the pillars of Liechtenstein’s economy

According to the National Statistics Office, the economy is well on the path of recovery, based on the latest report, which indicates an increase in export numbers registered in the last half of 2017. Liechtenstein trading companies have reported a total growth of 3.7% in exports in the second half of last year, compared to the negative growth of -2.6% recorded in the first half. The overall balance of Liechtenstein’s exports rose by 0.5% in 2017.

Employment rates also grew in 2017

Another good aspect marked in the report is related to the employment levels which increased in 2017. The end of last year brought a 3.6% increase in employment, meaning approximately 38,800 new jobs created. Companies in the metal and non-metal sectors registered the highest employment levels and were the most satisfied and confident about 2018.

Liechtenstein companies increased their profits in 2017

Companies in Liechtenstein also reported growth in their profits for 2017, most of the revenues being generated by higher sales. Small and medium-sized companies reported a 3% increase in the first half of 2017, while large companies announced sales which went up by 15%, in certain cases. The average sales growth recorded in 2017 was 9%. The best results were registered in the financial sector in Liechtenstein. This is the main reason for which local companies are very confident about 2018.

Foreign enterprisers seeking to open companies in Liechtenstein can rely on our local consultants for assistance in registering their businesses in this country. Do not hesitate to contact us for information on how to open a company in Liechtenstein.

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